irrevocable trust

irrevocable trust
irrevocable trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

irrevocable trust
A permanent trust. Once it is created, it cannot be revoked, amended, or changed in any way.
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

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Look at other dictionaries:

  • Irrevocable Trust — A trust that can t be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust. This is the… …   Investment dictionary

  • irrevocable trust — A trust that is unable to be amended, altered, or revoked. Bloomberg Financial Dictionary …   Financial and business terms

  • irrevocable trust — See trust …   Black's law dictionary

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  • irrevocable — ir·rev·o·ca·ble /ir re və kə bəl/ adj: not capable of being revoked the offer was irrevocable for ten days ir·rev·o·ca·bil·i·ty n ir·rev·o·ca·bly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… …   Deutsch Wikipedia

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

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